Category Archives: Business Owners Advice

Back Dating Tax relief to previous Financial year for an Enterprise Investment Scheme

I have invested into an EIS and want to claim tax relief in the previous financial year but my accountant says I cannot do this and will have to make a claim when I next make a tax return, is …

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I sold an investment property last year and I am worried about the estimated £140,000 of Capital Gains Tax that I have to pay – is there anything I can do?

Capital Gains Tax is a tax on the gain or profit you make when you sell, give away or otherwise dispose of something. It applies to assets that you own, such as shares or property. There’s a tax-free allowance and …

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61% of business owners believe that a key employee dying or suffering a critical illness would have a severe financial impact on their business . . .

You have worked hard all of your life to build your business to the current of level of turnover and profitability. Running any successful business requires that you allocate your time over a variety of tasks such as managing your …

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I’ve heard a lot about buy-to-let property investment, but need to know more before I take the first step, what do I need to know?

If you’re trying to decide whether to invest in buy-to-let property, you might want to consider the following: What market will you be entering? 1. Renting to people on benefits 2. Renting to students 3. Renting to working tenants 4. …

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I’m a High Rate Tax and face a massive tax bill for my income of £150,000 is there anything I can do to reduce my tax bill?

In order to respond to this query, I assume that you are likely to be a high rate tax payer in the future as you are employed on a high salary or self-employed with a high level of earnings. Also …

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Want to improve returns from your savings? Have a look at the Crowd Lending or Peer to Peer Lending sites

Many savers are facing an uphill battle to earn interest rates that beat inflation. Although there has been a slowdown in the rising cost of living, savers will still see the value of their money eroded, unless they opt for a …

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Have You Considered a LoanBack to Finance Your Business?

Small businesses may have thought they had been thrown a financial lifeline, with the launch of the £80billion Funding for Lending scheme by the Bank of England and the Treasury back in July 2012. Aimed at solving the country’s small …

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Our blogs are getting attention, so we are increasing our website’s security

In the past 48 hours our website has received 1,000 login attempts from machines all over the world. This is a sophisticated attack on our website, and our brilliant web specialist says it is the largest non-DDoS attack in history. …

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Take time out of your day and reflect on your core values, I love the following poem by Rudyard Kipling, it’s one of my favourites…….

IF….. IF you can keep your head when all about you Are losing theirs and blaming it on you, If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait …

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Companies, tax and the global economy

Concerns have been raised that although global trading companies are involved in as much as 60% of the global economic activity but pay only 6% of all business taxes. This means that UK resident small businesses suffer the burden of …

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Judge to rule on HMRC’s tax deal with Goldman Sachs

A judge is being asked to decide if HM Revenue and Customs (HMRC) acted illegally by letting investment bank Goldman Sachs off part of its tax bill. Campaign group UK Uncut Legal Action claims the taxpayer missed out on up …

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Some thoughts for those who do work hard to accumulate capital ……

Some thoughts for those who do work hard to accumulate capital …… At least you know that after a lifetime of graft that your accumulated assets (including your pension will pass to your wife and children……or will they? Do your …

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For Entrepreneurs Only (everyone else look away)

To dramatically boost your earnings work less not more…… Take more time off….. Eliminate “stuff”…. “One does not accumulate but eliminate. It is not a daily increase but daily decrease. The height of cultivation always runs to simplicity.” BRUCE LEE …

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Goal setting is the core skill for all individuals and business owners

Often neglected or incompetently addressed and “taught” goal setting is the core skill that has the power to change one’s life significantly. Yet few bother to take the time, for those that do, the rewards are immense. For those that …

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A tribute to Alice Pyne

Alice Pyne recently died following a long battle with cancer. Alice and her sister raised more than £100,000 for charity and founded Alice’s Escapes, a charity that provides holidays for families with seriously ill children and were both awarded the …

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Employee Benefit Trusts Settlements with HMRC

HMRC’s ‘Employee Benefit Trust (EBT) Settlement Opportunity’ is intended to encourage employers and companies who had used EBTs and similar structures to settle early any outstanding tax and NICs without the need for HMRC to consider litigation. The principle behind …

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Facing a Sky fall Future (3) – I can’t afford it !

We really posted a blog on why people do not fund pensions. The point that really required making was why do so many fail to postpone their immediate “wants” and instead use their money now to create a portfolio of …

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We need to talk about Kevin….

In a recent blog post we stressed the importance of planned savings for children to help them build towards a brighter future. It is just as important to consider their welfare as they are growing up… We live in the …

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Your pension – is it really?

Many clients seem to believe that they have a pension fund, that all the cash and investments belong to them 100%, and that if they die the pension will pass to their partner or children. I beg to differ… When …

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Pension contributions – Are they still worth it?

Although there has been a tremendous amount of bad press with regard to pension schemes in recent months we remain convinced that contributing to a registered pension scheme still makes sound financial sense, particularly if you can leverage your pension …

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